Currently HSBC is facing a long standing resistance level at 766, this is acted as pivot back in 2008 and 2009 and as resistance in 2013.
Price action is faced with a conundrum, try and break from where it is, already relatively overextended and less oppurtunistic for new entries OR correct (retrace) over the next couple of days or weeks to get some momentum from ...

A short set up is nicely appearing here at this long term multidiagonal. Expect a big move downward here.
Also, this corroborates with my short views on the FTSE, as HSBC amounts for (currently) 7.3% of thw weighting of the FTSE 100.

The banking sector has been hit by Trumps latest resurgence in the polls, but the UK banks received a slight boost after a UK court ruled that MP's will have a say on when and how article 50 will be invoked, increasing hopes of a soft Brexit.
The weekly chart has printed a bearish candle signal but on the daily chart prices look overstretched. on the D1 chart ...